Thursday, November 08, 2007

What a change

Does a 250 tick roundturn count as a Top?

Well, I guess it does. The round-a-bout the CAD/USD did yesterday was quite impressive to say the least! And the AUD/USD nearly did the same, even if it got a 0.25% rate increase as support from the RBA. But that's old news, it was priced in, everyone expected it.

Euro and British Pound are still lingering near the highs, as is the Swissie in the wake of the two majors I guess.